Detailed explanation
Fair Value is the IFRS 13 basis of value used for financial reporting — mandatory for Moroccan OPCI funds regulated by AMMC, listed real estate companies, and corporates with investment property. It shares common ground with RICS Market Value but adds specific market-participant assumptions and a three-level fair value hierarchy (Level 1: quoted prices, Level 2: observable inputs, Level 3: unobservable inputs). Most Moroccan real estate falls into Level 3, requiring disclosure of valuation techniques, key inputs, sensitivity analysis. Auditors scrutinise Level 3 valuations closely.
Moroccan example
An OPCI fund revalues its 28 residential assets in December 2025 for IFRS 13 reporting. Each asset receives a Level 3 fair value with 3-method cross-check (market, income, DCF) and sensitivity table.
Related terms
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